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Zoey Is Setting a Price for Her Store's Newest Item

question 138

Multiple Choice

Zoey is setting a price for her store's newest item. She purchased the item for $45 and decides to sell it for $54 using markup pricing. If she wanted to calculate the markup as percentage of cost, it would be ______________. If she wanted to calculate the markup as the percentage of the selling price, it would be ______________.

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Definitions:

Computer-Controlled Warehouse

A warehouse whose operations are managed and optimized by computer systems, often involving automation of storage and retrieval processes.

Symbols

Representations or signs used to stand for or convey ideas, concepts, operations, or relationships in various fields such as mathematics, science, and language.

Movement of People

The migration or relocation of individuals or groups from one location to another, often for reasons like employment, education, or escape from conflict.

Transforming Resources

Resources, such as labor and machinery, that are used to transform inputs into outputs in the production process.

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